AT&T said Tuesday that it activated 146,000 iPhones during the first two days of its premiere, far less than the estimated 500,000 -700,000 iPhones sold. This piece of news sent shares of Apple Inc. down more than 6 percent, or $8.81 per share, to $134.89. Looking beyond this number, I believe many have bought the phone but hated AT&T's expensive and poor network. According to SanFrancisco Chronicle:
"Because AT&T's figure only factors in activated iPhones, Apple's number will likely be higher. Some iPhone customers reported that they initially had trouble signing up for AT&T's service, for instance. Others bought two and either gave or sold the second one to someone else, which meant that they were probably activated later. And still other customers ordered the iPhone online, which meant they could not activate the phone until they received it."
Next in line, Apple's report of their quarter 3 results:
Apple’s conference call webcast discussing Q3 - 2007 financial results will begin at 2pm PT/5pm ET on Wednesday, July 25, 2007.
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